Biokey International Inc (BKYI)

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Card Tech and IDEX partner for high-volume biometric card solutions and Card Tech places initial order for sensors to IDEX

Published on 15 July 2014

IDEX ASA has received an initial order to deliver fingerprint swipe sensors to Card Tech srl. The sensors will be integrated into Card Tech’s biometric cards for the access control and ID markets. The biometric cards will be manufactured by Card Tech’s first-tier production partner.

Card Tech’s patented ISO-compliant system-on-card solution will use IDEX’s flexible best-in-class swipe sensor, based on our patented two part SmartFinger technology which is ideally suited for integration into cards. IDEX’s delivery will include its market-leading algorithms capable of operating in the low-power, highly efficient processors that are required for such embedded applications.

Biometric cards is one out of three strategic mass markets for IDEX. IDEX’s strategy is to leverage its core technology across three mass markets; mobile devices, biometric cards and devices being part of Internet of Things. Card Tech is addressing the market for access control and ID cards, subsequently cards for use in banking and other financial applications.

“Based on multiple international expressions of interest we expect to open a significant market opportunity,” said Fabrizio Borracci, CEO of Card Tech. “Our partnership with IDEX started in 2011 and Card Tech aims to offer supreme biometric performance in ISO-standard cards. Initially we will serve the access control and ID markets, subsequently the banking and financial cards market. We have secured a first-tier manufacturing partner possessing facilities and expertise to ramp up production to large scale.”

“We are very pleased that our partnership with Card Tech is now moving on to the commercialization phase. Our bendable and thin SmartFinger sensor enables Card Tech to deliver a robust product suitable for mass production with its mass production partner,” said Hemant Mardia, CEO of IDEX. He added, “We have recently seen a significant increased interest in card solutions enabled by secure fingerprint biometrics, and Card Tech’s first-tier production partner is joining the project because it sees the magnitude of the potential market.”